TCDRS approves $167m commitment

The US public pension has backed a North American corporate debt fund.

Institution: Texas County and District Retirement System
Headquarters: Austin, United States
AUM: $32.11bn
Allocation to alternatives: 39.31%
Bitesize: $100-200m

Texas County and District Retirement System has agreed to commit $167 million to ICG Private Markets Fund SCSp SICAV-RAIF — ICG Sale & Leaseback (USD) 1, according to the pension’s January 2020 investment news.

The $32.11 billion US public pension has a 25.0 percent target allocation to private debt that currently stands at 20.6 percent.

As illustrated below, TCDRS has made five commitments to private debt funds with a 2019 vintage, which combined constitute $953 million.

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